$9,369 Closing Credit*
$789,000
3,572 SqFt
4 Beds
•2 Full Baths, 1 Partial
Listing Office: Weekley Homes, LLC
Is 55369, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 55369 has remained a Seller's Market.
Key Takeaway
55369 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55369, MN
How much do homes in 55369, MN cost?
Median Sold Price
$390,731
$195/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$15,731(+4.2%)
Key Takeaway
Homes in 55369 have sold for 4.2% more than they did a year ago.
Summary: The median home sold price in 55369 was $390,731 in November 2024, up 4.2% from last year, and the median price per square foot was $195.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $234K | $359.9K | +53.8% |
| 2 Bedrooms | $272.5K | $275K | +0.9% |
| 3 Bedrooms | $360K | $360K | 0.0% |
| 4 Bedrooms | $451K | $445K | -1.3% |
| 5+ Bedrooms | $595K | $575K | -3.4% |
Summary: 55369 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 53.8%, 2 bedroom homes increased by 0.9%, 3 bedroom homes did not change, 4 bedroom homes decreased by 1.3%, and 5+ bedroom homes decreased by 3.4%.
Housing Supply in 55369, MN
How many homes are available in 55369, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 274 | 285 | +4.0% |
Summary: The 55369 real estate market had 285 homes for sale in November 2024, a 4.0% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 43 | 48 | +11.6% |
| 3 Bedrooms | 95 | 106 | +11.6% |
| 4 Bedrooms | 103 | 102 | -1.0% |
| 5+ Bedrooms | 33 | 28 | -15.2% |
Summary: The 55369 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 11.6%, 3 bedroom homes increased by 11.6%, 4 bedroom homes decreased by 1%, and 5+ bedroom homes decreased by 15.2%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 56 | 54 | -3.6% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55369, you could pay more than the asking price. 37% of homes here sold above asking price last month.
Summary: A total of 54 homes were sold or pending in 55369 in November 2024, down by 3.6% month-over-month. Of the 54 sold homes, 33% were sold under asking, 30% were sold at asking, and 37% were sold over asking.
Days on Market for 55369, MN
How long does it take to sell a home in 55369, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 25 Days | 26 Days | +1.8% |
Summary: Homes in 55369 had an average of 26 days on market in Nov 2024, up by 1.8% compared to last year.
Breakdown of Home Sale Times
35 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 55369 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 54 homes were sold in 55369; 65% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
